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# AUD/USD Maintains Bullish Bias as Market Eyes Break Above 0.6600
_Summary and Analysis by EconoTimes / FxWirePro, expanded and supplemented with insights from major market analysts and recent economic data._
## Introduction
The Australian Dollar (AUD) has recently demonstrated resilience against the US Dollar (USD), sustaining a bullish outlook in the foreign exchange market. As global investors track shifting economic indicators and central bank cues, the AUD/USD currency pair has gained traction with increasing focus on the psychological and technical barrier at the 0.6600 level.
This article delves into the current bullish momentum in the AUD/USD pair, examining factors driving the trend, the significance of the 0.6600 resistance level, technical and fundamental analyses, and the broader macroeconomic context, drawing on sources such as EconoTimes / FxWirePro, DailyFX, and Reuters.
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## Current Market Overview
– **AUD/USD Pair:** Consistently trades above key moving averages, showing upward momentum.
– **Main Resistance:** The 0.6600 psychological level garners attention as both traders and analysts assess the possibility of a clean breakout.
### Latest Movements
– Recent sessions reflect higher lows, indicative of sustained buying interest.
– The spot rate hovers in the 0.6580–0.6595 region, with intermittent tests at the 0.6600 threshold.
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## Key Drivers Behind the Bullish Bias
Several converging factors have contributed to the ongoing bullish sentiment in the AUD/USD market:
### 1. **RBA Policy Stance**
– The Reserve Bank of Australia (RBA) has adopted a cautious, data-driven approach toward monetary policy.
– While some market participants anticipate eventual rate hikes to curb inflation, the RBA’s relatively stable stance has prevented dramatic declines in AUD value.
– Minutes from the most recent RBA meeting suggest openness to further tightening if inflation persists.
### 2. **US Dollar Weakness**
– The USD has softened in response to dovish signals from the Federal Reserve regarding forthcoming monetary policy decisions.
– Softer US inflation prints and signs of a slowing labor market have reduced expectations for additional rate hikes by the Federal Reserve, weighing on the dollar’s appeal.
### 3. **Commodity Price Support**
– Australia
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